1120 Introduction: C Corporations (Completed)

Date: Tuesday, November 26, 2019
Instructor: Dennis Mowrey
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Join expert, Dennis Mowrey, for an introduction course to preparing and understanding C Corporations. Dennis will provide all the necessary tools from showing how to create a Corporation and then move into a discussion of shareholders, issuing stock and start-up/organizational expenses. We will explain the differences between C-Corps versus S-Corps and LLC’s and how they are all taxed, spending time talking about how corporation taxes work.

One of the big items that is always asked about is why should I set up as a C-Corp and we will go through the advantages and disadvantages of this type of structure. After that we will go through the forms associated with filing Form 1120 and related schedules for C-Corporations. The last part of the class will focus on E&P Calculations and how payments are distributed to Shareholders.

Who Should Attend
This class is good for those new to C-Corporations and also is a good refresher if you have not been involved in a while with corporations and the filing of tax returns.

Topics Covered

  • Necessary tools from showing how to create a Corporation
  • Discussion of shareholders, issuing stock and start-up/organizational expenses
  • Differences between C-Corps versus S-Corps and LLC's
  • How they are all taxed, spending time talking about how corporation taxes work
  • Advantages and disadvantages of C Corporations
  • Forms associated with filing Form 1120 and related schedules for C Corporations
  • E&P Calculations and how payments are distributed to Shareholders

Learning Objectives

  • Recognize the basics in preparing and understanding C Corporations
  • Identify how to utilize the necessary tools
  • Differentiate between C-Corps versus S-Corps and LLC's and how they are all taxed, spending time talking about how corporation taxes work

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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